Purpose of Loan
To purchase vehicles for Public transport operators (Taxi Drivers, Bus Operators) and Operators of other commercial vehicles ( Goods Truck, Refrigerated Trucks)
- Borrow up to $2,500,000.00
- Financing available for Vehicles up to 8 years old
- Up to 5 years to repay
- Minimum Share Requirement 15%
- Weekly and Monthly payments allowed
- Builds savings while loan is being repaid.
- Income Verification Documents Required:
- If Employed : Last three months payslips & Job Letter
- If the income from the commercial activity will be source of repayment:
- Profit & Loss statement for the last twelve months and one (1) year cash flow projections to be prepared by a qualified accountant
- Evidence of having at least one (1) year experience in operating the commercial activity.
- Motor Vehicle Documents Required:
- Copies of Fitness, Registration & Title
- C87 Form (If Just Imported)
- Pro-Forma Invoice
- Proof of ownership from registered owner
- Valuation Report
- Insurance Quotation
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.